Lululemon Athletica Inc. (LULU) PT Raised to $160 at RBC Capital Following 'Blowout'

RBC Capital analyst Brian Tunick raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $160.00 (from $130.00) while maintaining an Outperform rating following "blowout" Q2 results.

The results and +low-teens comp outlook for 3Q "confirm that it remains a bright spot in a rising consumer tide."

Tunick said the company is on track for $4B sales target by 2020, which could suggest ~$4.50 in EPS in 2019 and $5 by 2020.

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